Winner notice the release of the updated policy on trading in the company shares...
and whose going to be selling?
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Winner notice the release of the updated policy on trading in the company shares...
and whose going to be selling?
Will the employees and board members , family all participate in the SBB....
if this is as good as it gets will this SBB instead of a huge special Dividend be actually an opportunity to sell down their stakes generating some volume that is not normally there.
If it hits 150 could that be the time to dump.
buy back starts today
Watch this baby fly
Of course everybody wil better off this time next year …even those who hold on to their shares
Forbar will be happy as well
Hope your right winner grinner (*).....
they have to do it according to the rules...
pop corn, coke and we are off!
early action see 50000 out of the auction on the NZX this morning as the investor nation wakes up to a new week.
High inflation, wage demands in the health sector and a government under seige but the hotest investment in town is gold and diamonds... a girls best friend... and yours if your a stake holder...whose buying.
Already over 40,000 shares traded in first 45 mins today. ForBar already gobbling up shares?
yes but the BB is only 19 M
from 2 markets over 12 months...
not that hard to fillfull unless people decide to hold out..
and reporting has moved to half yearly... sneaky...
yes exactly LEK....
but what if the large numbers of held shares by those in the firm and related to the firm use it as a selling oppo...
price hardly moves ...
remember these guys are sales man... think margin call.
dont trust these people LEK
they are slick sales people... london spiv's
the fools are at the table and they are the retail investor.
Good governance re buybacks is for the company to make a statement detailing the process and outlining certain procedural safeguards which are aimed at ensuring that the buyback does not distort the market price of the shares ….and importantly saying fair to all shareholders (those selling and those keeping) by stressing all transactions are done at “arms length.”
MHJ seem to be a bit slack in this respect
So is this buyback all going to be big free for all ….to the detriment of shareholders …but then share buy backs are meant to be fabulous things for share holders who don’t sell.
Share price hasnt moved and the vol is up...
the release of the trading policy statement makes it clear that anyone wishing to sell who is an employee of related in some legal way to MHJ are covered by the new policy.
Dotting I and crossing T's
sellers have met buyers today.
Day one acquisitions:
Attachment 14177
All on the ASX ...
price going nowhere....
" collapse without buyback"
They said its undervalued!!! but by what?
it was holding up fine... a pullback.... retreat... regrouping... total capulation would have been welcome.... its never happened after spending a year waiting...
LEK... stand corrected did not read far enough...
not a lot though? looks like sellers dumping after the DIV and BB maybe holding it up...
see a hopefull selling 100 ... if they though the BB was going to work they would listed at about +150.. that 100 tells you everything.
HLG still above 5... Bris sold off a bit...
retail hasnt collasped yet...whs down a bit...
anyone remember the old 12 AM radio news... or was it one oclock...
share prices , meet and beef... and the old ANZ prices computer cant remember all the info it displayed.
Another 55k yesterday on ASX
More than 50% of volume
Seems a rather high percentage for an ‘orderly’ buyback
At least it’s keeping the share price up.
I suppose that due to the fact the NZX MHJ price will inevitably track the ASX MHJ price 1:1, then one would get more “pressure” from concentrating buyback on a single exchange possibly, but with two brokers handling this I wouldn’t have any idea how all this will shake out.
Definitely a different experience seeing these daily updates (my only buyback experience for any of my equities is on the US market where you only find out buyback amounts at quarterly earnings)
I remember advocating for Apple to raise $200 Billion in debt to all be used on a buyback when their market cap was only $400 Billion and they were generating $50 Billion in cashflow annually. They eventually did start a massive buyback that continues to this day, but only after market cap had massively appreciated (currently sitting at $2.5 Trillion USD)